On September 14, Southern Copper Corp fell 4.77% in regular trading, trading at $185.67/share, with turnover of $23.14 million. The decline came as ongoing uncertainty surrounding a potential White House decision on refined copper tariffs continued to weigh on the broader copper sector.
According to reports citing people familiar with the matter, the White House has yet to decide whether to impose tariffs on refined copper, as the administration weighs the benefits of supporting domestic copper production against the risks of higher manufacturing costs and increased living expenses. The unresolved policy stance sent international copper prices sharply lower, with LME copper futures falling more than 3% and COMEX copper futures dropping over 4%, dragging down copper-related equities across the board.
Within the Copper sector, declines were broad-based. Among individual stocks, TREKOR METALS fell 6.45%, Ero Copper fell 6.05%, Freeport-McMoRan fell 3.99%, and Idaho Copper Corporation fell 0.43%. Southern Copper Corp, which operates major open-pit copper mines and smelting and refining facilities across Peru and Mexico, remains directly exposed to shifts in global copper trade policy.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)